Demonstrações financeiras detalhadas de Vince Holding Corp. (VNCE): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Vince Holding Corp. registou receitas de $300.0M no último exercício, com um CAGR de 5 anos de 6.4%.
Margens dos últimos 12 meses: margem bruta 52.5%, margem operacional 4.3%, margem líquida 2.4%.
Ao preço atual de $8.62, VNCE negocia a um P/L de 14.61 e um ROE de 14.48%. A capitalização de mercado é de $111M.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $268.2M | $272.6M | $279.0M | $375.2M | $219.9M | $322.7M | $357.4M | $292.9M | $293.5M | $300.0M |
| Custo da Receita | $145.4M | $150.8M | $148.2M | $196.8M | $131.3M | $182.4M | $227.7M | $159.6M | $148.3M | $150.9M |
| Lucro Bruto | $122.8M | $121.8M | $130.7M | $178.4M | $88.6M | $140.3M | $129.7M | $133.3M | $145.2M | $149.1M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $134.4M | $140.1M | $126.6M | $179.3M | $122.8M | $139.8M | $153.2M | $134.5M | $138.0M | $139.9M |
| Despesas Operacionais | $134.4M | $140.1M | $126.6M | $179.3M | $122.8M | $139.8M | $153.2M | $101.7M | $162.4M | $139.9M |
| Lucro Operacional | -$64.7M | -$18.3M | $4.1M | $45.3M | -$34.2M | $483000 | -$23.5M | $31.6M | -$17.2M | $9.2M |
| EBITDA | -$56.3M | -$2.1M | $16.3M | $44.9M | -$52.1M | $6.8M | -$17.2M | $36.6M | -$12.5M | $13.7M |
| Despesas com Juros | $3.9M | $5.5M | $6.9M | $5.0M | $5.0M | $8.6M | $9.9M | $11.1M | $6.6M | $3.4M |
| Lucro Antes de Impostos | -$68.9M | $58.0M | -$2.0M | $30.5M | -$63.8M | -$8.1M | -$35.3M | $20.5M | -$22.7M | $9.0M |
| Imposto | $93.7M | -$572000 | $54000 | $98000 | $166000 | $4.6M | $3.0M | -$3.5M | -$3.6M | $2.6M |
| Lucro Líquido | -$162.7M | $58.6M | -$2.0M | $30.4M | -$63.9M | -$12.7M | -$38.3M | $25.4M | -$19.0M | $6.4M |
| LPA | $-33.03 | $7.70 | $-0.18 | $2.60 | $-5.43 | $-1.07 | $-3.14 | $2.05 | $-1.51 | $0.49 |
| LPA Diluído | $-33.03 | $7.70 | $-0.17 | $2.55 | $-5.43 | $-1.07 | $-3.14 | $2.04 | $-1.51 | $0.49 |
| Ações em Circulação (Diluídas) | $4.9M | $7.6M | $11.6M | $11.9M | $11.8M | $11.9M | $12.2M | $12.5M | $12.6M | $13.1M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Receita | $85.1M | $83.7M | $64.0M | $81.8M |
| Lucro Bruto | $41.9M | $41.1M | $32.4M | $49.8M |
| Lucro Operacional | $5.4M | -$2.9M | -$2.6M | $13.6M |
| EBITDA | $6.1M | -$2.2M | -$1.9M | $13.6M |
| Lucro Líquido | $2.7M | -$3.6M | -$2.1M | $10.6M |
| LPA | $0.21 | $-0.28 | $-0.16 | $0.82 |
| LPA Diluído | $0.21 | $-0.28 | $-0.16 | $0.80 |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $21.0M | $5.4M | $118000 | $466000 | $3.8M | $1.1M | $1.1M | $357000 | $607000 | $498000 |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $10.3M | $20.8M | $38.0M | $40.7M | $31.9M | $29.9M | $20.7M | $20.7M | $32.9M | $30.5M |
| Estoque | $38.5M | $48.9M | $53.3M | $66.4M | $68.2M | $78.6M | $90.0M | $58.8M | $59.1M | $66.2M |
| Ativos Circulantes | $74.6M | $81.6M | $88.6M | $114.2M | $110.6M | $115.4M | $115.3M | $84.8M | $96.6M | $101.0M |
| Imobilizado | $42.9M | $31.6M | $25.2M | $119.9M | $109.7M | $109.8M | $83.1M | $80.0M | $98.6M | $98.8M |
| Ágio | $41.4M | $41.4M | $41.4M | $41.4M | $32.0M | $32.0M | $32.0M | $32.0M | 0 | 0 |
| Ativos Intangíveis | $77.7M | $77.1M | $76.5M | $81.5M | $76.5M | $75.8M | $70.1M | 0 | 0 | 0 |
| Ativos Totais | $239.5M | $234.5M | $234.9M | $362.3M | $332.9M | $337.2M | $303.3M | $225.1M | $222.7M | $225.0M |
| Contas a Pagar | $37.0M | $22.6M | $40.3M | $43.1M | $40.2M | $46.7M | $49.4M | $31.7M | $35.1M | $25.9M |
| Dívida de Curto Prazo | 0 | $8.0M | $20.4M | $23.4M | 0 | $2.6M | $3.5M | 0 | 0 | 0 |
| Passivos Circulantes | $50.4M | $45.2M | $45.6M | $90.3M | $82.2M | $91.5M | $93.1M | $61.4M | $73.5M | $67.9M |
| Dívida de Longo Prazo | $48.3M | $40.7M | $42.3M | $48.7M | $84.5M | $88.9M | $108.1M | $44.0M | $19.2M | $19.5M |
| Passivos Totais | $253.5M | $159.8M | $160.8M | $231.5M | $265.0M | $281.4M | $283.1M | $178.0M | $181.0M | $174.9M |
| Reservas | -$1.10B | -$1.04B | -$1.04B | -$1.01B | -$1.07B | -$1.08B | -$1.12B | -$1.10B | -$1.12B | -$1.11B |
| Patrimônio Líquido | -$14.0M | $74.8M | $74.1M | $130.8M | $67.9M | $55.8M | $20.3M | $47.2M | $41.8M | $50.1M |
| Dívida Total | $48.3M | $48.7M | $45.1M | $162.3M | $203.7M | $208.6M | $204.6M | $128.5M | $122.4M | $122.4M |
| Dívida Líquida | $27.3M | $43.3M | $45.0M | $161.8M | $199.9M | $207.5M | $203.5M | $128.1M | $121.8M | $121.9M |
| Capital de Giro | $24.2M | $36.4M | $43.0M | $24.0M | $28.4M | $23.9M | $22.2M | $23.4M | $23.0M | $33.1M |
Balanço (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caixa e Equivalentes | $1.1M | $498000 | $762000 | $1.0M |
| Ativos Totais | $246.0M | $225.0M | $219.8M | $228.9M |
| Passivos Totais | $192.6M | $174.9M | $171.6M | $170.1M |
| Patrimônio Líquido | $53.4M | $50.1M | $48.2M | $58.8M |
| Dívida Total | $142.0M | $122.4M | $129.8M | $114.5M |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$162.7M | $58.6M | -$2.0M | $30.4M | -$65.6M | -$12.7M | -$38.3M | $25.4M | -$19.0M | $6.4M |
| Depreciação e Amortização | $8.7M | $10.1M | $8.1M | $9.6M | $6.9M | $6.5M | $8.3M | $4.9M | $4.3M | $2.9M |
| Compensação em Ações | $1.3M | $1.1M | $1.3M | $2.0M | $1.3M | $2.1M | $2.1M | $1.5M | $1.6M | $426000 |
| Variação Capital de Giro | -$27.6M | -$33.7M | -$6.2M | $10.0M | $2.9M | -$4.8M | -$851000 | -$1.6M | $7.8M | -$16.7M |
| Fluxo de Caixa Operacional | -$29.7M | -$40.4M | $3.6M | $16.8M | -$25.1M | -$221000 | -$19.3M | $1.6M | $22.1M | $3.0M |
| CapEx | -$14.3M | -$3.4M | -$3.1M | -$4.5M | -$3.5M | -$5.1M | -$2.8M | -$1.5M | -$4.2M | -$4.3M |
| Aquisições | 0 | 0 | 0 | -$17.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | -$321000 | -$222000 | 0 | 0 | -$142000 | $29000 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$43.9M | -$43.8M | $505000 | $12.3M | -$28.6M | -$5.3M | -$22.0M | $180000 | $17.8M | -$1.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Fluxo de Caixa Operacional | -$5.1M | $15.7M | -$8.9M | $18.1M |
| CapEx | -$635000 | -$1.4M | -$216000 | $216000 |
| Fluxo de Caixa Livre | -$5.7M | $14.2M | -$9.1M | $18.4M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $91000 | $93000 | $91000 | $49000 |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | +1.6% | +2.3% | +34.5% | -41.4% | +46.8% | +10.8% | -18.1% | +0.2% | +2.2% |
| Crescimento Lucro Líquido (anual) | | +136.0% | -103.5% | +1603.3% | -310.4% | +80.1% | -201.8% | +166.4% | -174.9% | +133.5% |
| Crescimento LPA (anual) | | +123.3% | -102.3% | +1544.4% | -308.8% | +80.3% | -193.5% | +165.3% | -173.7% | +132.5% |
| Variação de Ações (anual) | | +54.5% | +52.7% | +2.7% | -1.3% | +1.1% | +2.7% | +2.1% | +0.8% | +3.9% |
| Crescimento FCF (anual) | | +0.4% | +101.2% | +2334.9% | -332.3% | +81.5% | -317.8% | +100.8% | +9803.9% | -107.3% |
| Margem Bruta | 45.8% | 44.7% | 46.9% | 47.6% | 40.3% | 43.5% | 36.3% | 45.5% | 49.5% | 49.7% |
| Margem Operacional | -24.1% | -6.7% | 1.5% | 12.1% | -15.6% | 0.1% | -6.6% | 10.8% | -5.9% | 3.1% |
| Margem EBITDA | -21.0% | -0.8% | 5.8% | 12.0% | -23.7% | 2.1% | -4.8% | 12.5% | -4.3% | 4.6% |
| Margem Líquida | -60.6% | 21.5% | -0.7% | 8.1% | -29.1% | -3.9% | -10.7% | 8.7% | -6.5% | 2.1% |
| Margem FCF | -16.4% | -16.1% | 0.2% | 3.3% | -13.0% | -1.6% | -6.2% | 0.1% | 6.1% | -0.4% |
| Taxa Efetiva de Imposto | -136.0% | -1.0% | -2.7% | 0.3% | -0.3% | -56.4% | -8.6% | -17.0% | 16.1% | 28.8% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $-8.92 | $-5.75 | $0.04 | $1.03 | $-2.43 | $-0.44 | $-1.80 | $0.01 | $1.42 | $-0.10 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $4.9M | $7.6M | $11.5M | $11.7M | $11.8M | $11.9M | $12.2M | $12.4M | $12.6M | $13.0M |
O que olhar em empresas de Consumer Cyclical
- Margem operacional média 5a (Média do ciclo) — Olhar a média do ciclo, não o ano atual (pico ou vale).
- Rotatividade de inventário (≥4x/ano) — Retail saudável roda inventário rápido. Uma queda sinaliza fraca procura.
- ROIC médio 5a (≥12%) — Cíclicas com ROIC médio >12% são vencedoras estruturais.
- Dívida líquida / EBITDA (pico) (<3x em vale) — Em cíclicas a dívida mata em recessão.
- Current Ratio (>1,5x) — Aguenta 12-18 meses sem caixa operacional.
- Altman Z-Score (>2,99 seguro) — Modelo de falência — chave em cíclicas sensíveis a recessão.
Rentabilidade
| Retorno sobre patrimônio | 14.48% |
| Retorno sobre capital investido | 4.56% |
| Retorno sobre ativos | 3.33% |
| Margem bruta | 52.52% |
| Margem operacional | 4.27% |
| Margem líquida | 2.42% |
Saúde financeira
| Dívida / Patrimônio | 1.95 |
| Liquidez corrente | 1.49 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | -0.92 | 0.95 | -66.56 | 5.68 | -1.50 | -8.41 | -2.33 | 1.63 | -2.34 | 5.51 |
| P/VP | -10.74 | 0.74 | 1.86 | 1.32 | 1.41 | 1.92 | 4.42 | 0.88 | 1.06 | 0.70 |
| P/V | 0.56 | 0.20 | 0.49 | 0.46 | 0.44 | 0.33 | 0.25 | 0.14 | 0.15 | 0.12 |
| Margem Bruta | 45.8% | 44.7% | 46.9% | 47.6% | 40.3% | 43.5% | 36.3% | 45.5% | 49.5% | 49.7% |
| Margem Operacional | -24.1% | -6.7% | 1.5% | 12.1% | -15.6% | 0.1% | -6.6% | 10.8% | -5.9% | 3.1% |
| Margem Líquida | -60.6% | 21.5% | -0.7% | 8.1% | -29.1% | -3.9% | -10.7% | 8.7% | -6.5% | 2.1% |